Plano-based Ivy Technology—a portfolio company of Boston’s Staple Street Capital that provides technology lifecycle services and infrastructure solutions—has acquired ISP Tek Services, an IT asset disposition provider, from Close the Loop.
The strategic acquisition strengthens Ivy’s IT asset disposition capabilities and adds secure asset recovery, refurbishment, and resale services while extending the company’s operational footprint into Mexico, Ivy said.
Ivy CEO Scott Greer said the acquisition of Southlake-based ISP Tek Services “enhances Ivy’s service offering and strengthens our position in the IT asset lifecycle market.”
“The combination of capabilities supports a more connected, end-to-end approach, delivering increased value for our customers, partners, and stakeholders,” he added in a statement.
ISP Tek Services CEO Matthew Zimmer said that joining Ivy Technology “marks an exciting next step for our business,” noting that it expands ISP’s service offerings and global reach while offering immediate value to the company’s customers and OEM partners.
“Together with Ivy Technology, our team is well-positioned to continue building a best-in-class ITAD and refurbishment portfolio worldwide,” Zimmer said.
In a statement, the partners at Staple Street Capital said the acquisition “combines Ivy’s global platform with ISP Tek’s established asset disposition and certified refurbishment capabilities, enabling Ivy to better serve its customers across the full technology lifecycle while accelerating ISP Tek’s growth trajectory.”
Earlier this year, Ivy Technology acquired Tempest Telecom Solutions, a provider of wireless network technology equipment and solutions serving telecom, enterprise, and government customers.
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